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Trump: TikTok shares will be sold to an American company before the weekend

Trump: TikTok shares will be sold to an American company before the weekend

US President Donald Trump has said that a deal with TikTok's parent company, ByteDance, to sell the app will be finalized before the April 5 deadline, Reuters reported.

“We have a lot of potential buyers,” Trump told reporters. “There’s tremendous interest in TikTok.” He added, “I would like to see TikTok stay alive.”

Trump extended the deadline for banning TikTok until April 5 in January, after signing an executive order on his first day in office.

Reuters reported on Friday that private equity firm Blackstone is considering a small stake in TikTok's US operations.

The firm is considering joining ByteDance's current non-Chinese shareholders, led by Susquehanna International Group and General Atlantic, in raising new capital to bid for TikTok's U.S. operations. The group has emerged as a frontrunner in TikTok deal talks.

Trump has previously stated that he is open to extending the deadline again if a deal is not reached.

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